581 lines
40 KiB
HTML
581 lines
40 KiB
HTML
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<html lang="zh-CN" data-theme="night">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>光通信深度行研报告</title>
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body {
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font-family: 'Roboto Mono', monospace;
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background-image:
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radial-gradient(circle at 10% 10%, rgba(100, 116, 139, 0.1) 0%, transparent 30%),
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.table thead th {
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<body class="min-h-screen p-4 sm:p-6 lg:p-8">
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<div class="max-w-screen-2xl mx-auto">
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<!-- Header -->
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<header class="text-center mb-12">
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<h1 class="text-4xl md:text-6xl font-bold glow-text bg-gradient-to-r from-blue-400 to-purple-400 text-transparent bg-clip-text mb-4">
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光通信 (Optical Communication)
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</h1>
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<p class="text-xl text-slate-300">AI算力驱动的长期高成长赛道</p>
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<p class="text-xs text-slate-500 mt-4">北京价值前沿科技有限公司 AI投研agent：“价小前投研” 进行投研呈现，本报告为AI合成数据，投资需谨慎。</p>
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</header>
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<!-- Main Content Grid -->
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<main x-data="{ activeTab: 'insight' }">
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<!-- Core Insight Section -->
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<section id="insight-section">
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<div class="bento-grid grid-cols-1 lg:grid-cols-4 auto-rows-auto">
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<!-- Card 1: Core View Summary -->
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<div class="glass-card rounded-3xl p-6 lg:col-span-4">
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<h2 class="text-2xl font-semibold text-blue-300 mb-4">核心观点摘要</h2>
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<p class="text-slate-300 leading-relaxed">
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光通信已从传统的周期性行业，质变为由AI算力驱动的长期高成长赛道。当前正处在<strong class="text-purple-300">800G光模块大规模商业化、1.6T光模块开启上量</strong>的基本面驱动阶段，核心逻辑在于AI集群内部和集群间对海量数据搬运需求的爆炸式增长。未来潜力取决于<strong class="text-purple-300">CPO、OCS</strong>等颠覆性技术路径的演进，这将重塑产业链价值分配，并为具备核心光子技术能力的企业打开数倍于当下的市场空间。
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</p>
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</div>
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<!-- Card 2: Timeline -->
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<div class="glass-card rounded-3xl p-6 lg:col-span-2 row-span-2">
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<h2 class="text-2xl font-semibold text-blue-300 mb-6">概念事件 & 发展脉络</h2>
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<ul class="timeline timeline-vertical">
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<li>
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<div class="timeline-start timeline-box glass-card border-l-4 border-blue-500">
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<time class="font-mono italic text-sm text-slate-400">2024年3月</time>
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<div class="text-lg font-black">第一阶段：担忧与证伪</div>
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英伟达GB200引发“光退”担忧，但市场迅速澄清：集群规模扩大和算力通缩逻辑反而提升光互联总需求。
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</div>
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<hr class="bg-blue-500"/>
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</li>
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<li>
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<hr class="bg-blue-500"/>
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<div class="timeline-end timeline-box glass-card border-r-4 border-purple-500">
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<time class="font-mono italic text-sm text-slate-400">2024年5月-9月</time>
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<div class="text-lg font-black">第二阶段：800G放量与上游紧缺</div>
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800G订单超预期落地，业绩兑现成为主线。上游光芯片、DSP、CW光源等产能紧缺，逻辑向上游延伸，龙头壁垒强化。
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</div>
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<hr class="bg-purple-500"/>
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</li>
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<li>
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<hr class="bg-purple-500"/>
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<div class="timeline-start timeline-box glass-card border-l-4 border-pink-500">
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<time class="font-mono italic text-sm text-slate-400">2024下半年 - 2025年初</time>
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<div class="text-lg font-black">第三阶段：1.6T预期与技术分化</div>
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1.6T需求预期升温，2025年成商用元年。功耗和成本问题催生新技术路径分化：CPO（英伟达）、OCS（谷歌）、硅光技术并行发展。
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</div>
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<hr class="bg-pink-500"/>
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</li>
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<li>
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<hr class="bg-pink-500"/>
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<div class="timeline-end timeline-box glass-card border-r-4 border-amber-500">
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<time class="font-mono italic text-sm text-slate-400">2024年10月至今</time>
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<div class="text-lg font-black">第四阶段：产业链价值重估</div>
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市场认知到上游核心器件的不可或缺性，资金开始挖掘产业链上更具弹性的“四小龙”等标的，投资逻辑形成完整闭环。
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</div>
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</li>
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</ul>
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</div>
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<!-- Card 3: Demand Forecast Chart -->
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<div class="glass-card rounded-3xl p-6 lg:col-span-2">
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<h2 class="text-2xl font-semibold text-blue-300 mb-4">光模块需求预测 (百万只)</h2>
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<div id="demandChart" class="w-full h-64"></div>
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</div>
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<!-- Card 4: Catalysts & Future Path -->
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<div class="glass-card rounded-3xl p-6 lg:col-span-2">
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<h2 class="text-2xl font-semibold text-blue-300 mb-4">关键催化剂与未来发展路径</h2>
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<div x-data="{ tab: 'catalysts' }">
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<div class="tabs tabs-boxed bg-slate-800/50 mb-4">
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<a class="tab" :class="{ 'tab-active': tab === 'catalysts' }" @click="tab = 'catalysts'">近期催化剂</a>
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<a class="tab" :class="{ 'tab-active': tab === 'path' }" @click="tab = 'path'">长期发展路径</a>
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</div>
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<div x-show="tab === 'catalysts'">
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<ul class="space-y-2 list-disc list-inside text-slate-300">
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<li><strong class="text-purple-300">1.6T订单规模化确认：</strong>北美云厂商明确采购规模和时间表。</li>
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<li><strong class="text-purple-300">头部公司财报验证：</strong>Q2/Q3财报验证800G盈利能力和1.6T初期贡献。</li>
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<li><strong class="text-purple-300">上游芯片价格动态：</strong>CW光源、EML芯片产能释放进度和价格走势。</li>
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<li><strong class="text-purple-300">OFC 2026大会：</strong>3.2T、CPO、OCS等新技术方案展示。</li>
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</ul>
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</div>
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<div x-show="tab === 'path'" style="display: none;">
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<h4 class="font-semibold text-purple-300">速率主线 (可插拔)</h4>
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<p class="text-sm text-slate-400 mb-2">2024-25: 800G主力, 1.6T上量 | 2026-27: 1.6T主流, 3.2T导入</p>
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<h4 class="font-semibold text-purple-300">形态主线 (后可插拔)</h4>
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<ul class="list-disc list-inside text-sm text-slate-400">
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<li><strong class="text-white">CPO交换机:</strong> 2026年批量, 2027年加速渗透。</li>
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<li><strong class="text-white">OCS交换机:</strong> 并行发展，2029年出货量破5万台。</li>
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<li><strong class="text-white">柜内OIO:</strong> 2028年+, 芯片间光互联终极形态。</li>
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</ul>
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</div>
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</div>
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</div>
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<!-- Card 5: Core Logic -->
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<div class="glass-card rounded-3xl p-6 lg:col-span-2">
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<h2 class="text-2xl font-semibold text-blue-300 mb-4">核心驱动力</h2>
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<ul class="space-y-3">
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<li><span class="badge badge-info badge-outline mr-2">1</span><strong>AI算力范式转变:</strong> 大规模并行计算需求使内部网络流量剧增，“光进铜退”下沉至机柜内部。</li>
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<li><span class="badge badge-info badge-outline mr-2">2</span><strong>技术迭代加速:</strong> GPU约2年的迭代周期，迫使光通信速率升级周期从4-5年压缩至2年。</li>
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<li><span class="badge badge-info badge-outline mr-2">3</span><strong>成本功耗约束:</strong> 催生LPO、硅光、CPO/OIO等降本增效的技术创新，构成新增长点。</li>
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<li><span class="badge badge-info badge-outline mr-2">4</span><strong>供应链瓶颈:</strong> 上游核心光/电芯片产能紧缺，形成供不应求格局，利好龙头企业。</li>
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</ul>
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</div>
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<!-- Card 6: Expectation Gap Analysis -->
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<div class="glass-card rounded-3xl p-6 lg:col-span-2">
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<h2 class="text-2xl font-semibold text-blue-300 mb-4">预期差分析</h2>
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<ul class="space-y-2 list-decimal list-inside text-slate-300">
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<li><strong>认知重塑:</strong> 从“连接器”到“算力核心瓶颈”，光互联价值被严重低估。</li>
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<li><strong>CPO的机遇:</strong> 对龙头是“摧毁”还是“重塑”？核心是牺牲部分封装价值，换取>5倍用量增长和更高价值环节的机遇。</li>
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<li><strong>被忽略的OCS:</strong> 谷歌/Meta主导的OCS路径作为并行终局方案，其受益标的可能被市场低估。</li>
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<li><strong>上游的壁垒:</strong> 供应链瓶颈对竞争格局的永久性固化作用，其长期马太效应可能未被充分定价。</li>
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</ul>
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</div>
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</div>
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</section>
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<!-- Supporting Evidence Section -->
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<section class="mt-12" x-data="{ tab: 'news' }">
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<h2 class="section-title glow-text">深度资料库</h2>
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<div class="tabs tabs-lifted mb-4">
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<a class="tab" :class="{'tab-active text-blue-300': tab === 'news'}" @click="tab = 'news'">新闻数据</a>
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<a class="tab" :class="{'tab-active text-blue-300': tab === 'roadshow'}" @click="tab = 'roadshow'">路演纪要</a>
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<a class="tab" :class="{'tab-active text-blue-300': tab === 'report'}" @click="tab = 'report'">研究报告</a>
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</div>
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<div class="glass-card rounded-3xl p-6 min-h-[300px]">
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<!-- News Data -->
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<div x-show="tab === 'news'">
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<details class="mb-2" open>
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<summary class="font-bold text-lg text-purple-300">一、 市场动态与核心驱动力</summary>
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<div class="p-4 text-slate-300 text-sm space-y-2">
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<p><strong>AI算力需求驱动:</strong> 云厂商上调25年资本开支，光通信需求持续增长。下半年模型迭代加速，建议关注国内板块。</p>
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<p><strong>客户需求与订单:</strong> G客户（谷歌）传闻加单26-27年1.6T需求；26年1.6T光模块需求指引或因Rubin出货加速而再度上调。</p>
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<p><strong>行业景气度:</strong> AI算力长逻辑坚挺，光模块板块持续供不应求，估值新高，产业链景气度呈扩散趋势。</p>
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<p><strong>地缘政治影响:</strong> 潜在关税对头部模块厂商无实质影响，反而利好具备海外工厂的龙头格局。</p>
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</div>
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</details>
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<details class="mb-2">
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<summary class="font-bold text-lg text-purple-300">二、 关键技术路径与发展趋势</summary>
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<div class="p-4 text-slate-300 text-sm space-y-2">
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<p><strong>整体技术演进:</strong> 速率提升需求迫切，产业趋势加快，路线图：光模块CPO → OCS → CPO交换机 → OIO。</p>
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<p><strong>高速光模块:</strong> 今明两年800G乐观，1.6T开启上量。26年1.6T仍存上修可能，27年增量来自1.6T放量和3.2T出货。</p>
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<p><strong>CPO & OIO:</strong> CPO拓展市场空间，应用场景下沉至芯片间连接。光互联从Scale-out向Scale-up(OIO)延展。CPO方案中光引擎与GPU配比或从1:3提升至1:10以上。</p>
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<p><strong>OCS (光路交换):</strong> 被认为是和CPO并行的终局方案。OCP成立OCS子项目，谷歌坚定站队，Meta有倒向趋势。LightCounting预测出货量将迅速攀升。</p>
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<p><strong>硅光技术:</strong> EML芯片缺货背景下，硅光方案有望超预期放量，预计26年渗透率达40%+。</p>
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||
</div>
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||
</details>
|
||
<details class="mb-2">
|
||
<summary class="font-bold text-lg text-purple-300">三、 产业链与供应链分析</summary>
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||
<div class="p-4 text-slate-300 text-sm space-y-2">
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<p><strong>上游芯片/元器件紧缺:</strong> 光芯片、200G EML、CW光源持续缺货，供不应求。上游设备排期长。利好供应商价格/毛利率，利好龙头竞争格局。</p>
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||
</div>
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||
</details>
|
||
</div>
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||
|
||
<!-- Roadshow Data -->
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||
<div x-show="tab === 'roadshow'" style="display: none;">
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||
<details class="mb-2" open>
|
||
<summary class="font-bold text-lg text-purple-300">GB200架构争议 (2024-03-19)</summary>
|
||
<div class="p-4 text-slate-300 text-sm space-y-2">
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||
<p>市场担忧GB200架构“光退”，但推演显示光模块比例仍维持约1:3。核心逻辑：算力密度提升导致集群规模扩大，光模块总量仍可能增长。</p>
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||
</div>
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||
</details>
|
||
<details class="mb-2">
|
||
<summary class="font-bold text-lg text-purple-300">技术迭代与瓶颈 (2024-05-12)</summary>
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||
<div class="p-4 text-slate-300 text-sm space-y-2">
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<p>1.6T模块或于2024年三四季度量产，需关注芯片与器件瓶颈。上游芯片扩产慢于光模块，或推动光芯片（源杰科技）、光器件（光库科技）机会。</p>
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||
</div>
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||
</details>
|
||
<details class="mb-2">
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<summary class="font-bold text-lg text-purple-300">CPO预期升温 (2024-10-27)</summary>
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<div class="p-4 text-slate-300 text-sm space-y-2">
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<p>CPO技术渗透，光模块用量可能从1:3增至1:10以上，价值量蛋糕扩大。长期看，CPO渗透后光模块单价或下降30%-40%，但用量增长超5倍，总需求量增逻辑稳固。</p>
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</div>
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</details>
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<details class="mb-2">
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<summary class="font-bold text-lg text-purple-300">业绩与需求数据 (2025-05-06)</summary>
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<div class="p-4 text-slate-300 text-sm space-y-2">
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<p>2024年400G需求约1000万只，800G需求价值量约1000万只。2025年Q1，400G需求超1500万只，800G需求2000万只，1.6T商用元年需求约200万只。</p>
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</div>
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</details>
|
||
</div>
|
||
|
||
<!-- Report Data -->
|
||
<div x-show="tab === 'report'" style="display: none;">
|
||
<details class="mb-2" open>
|
||
<summary class="font-bold text-lg text-purple-300">一、 行业趋势与市场需求</summary>
|
||
<div class="p-4 text-slate-300 text-sm space-y-2">
|
||
<p><strong>核心驱动力:</strong> 5G、千兆光网、物联网、AI算力发展带动光通信需求。“东数西算”工程和运营商资本开支向算力网络倾斜带来新机遇。</p>
|
||
<p><strong>技术迭代:</strong> 400G OTN骨干网建设成为核心。光通信技术基本遵循4-5年迭代一次。</p>
|
||
<p><strong>海底光缆需求激增:</strong> AI、数据中心及跨洲数据流量激增，互联网巨头（字节、Meta）加大投入。市场规模超百亿美金。</p>
|
||
</div>
|
||
</details>
|
||
<details class="mb-2">
|
||
<summary class="font-bold text-lg text-purple-300">二、 核心产品与技术创新</summary>
|
||
<div class="p-4 text-slate-300 text-sm space-y-2">
|
||
<p><strong>高端光纤:</strong> 超低损耗光纤、G.654.E光纤、海洋光纤等特种产品需求增长。</p>
|
||
<p><strong>前沿技术 (空芯光纤):</strong> 用于AI数据中心高速率传输，亨通光电、烽火通信已实现技术突破并具备交付能力。</p>
|
||
<p><strong>海洋通信:</strong> 亨通光电攻克超长距大容量深海海底光缆系统关键技术，发布全球首个32纤对中继器原型机。</p>
|
||
</div>
|
||
</details>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Industry Chain & Core Companies -->
|
||
<section class="mt-12">
|
||
<h2 class="section-title glow-text">产业链与核心公司</h2>
|
||
<div class="bento-grid grid-cols-1 md:grid-cols-3">
|
||
<div class="glass-card rounded-3xl p-6">
|
||
<h3 class="text-xl font-semibold text-purple-300 mb-3">上游：核心元器件与芯片</h3>
|
||
<p class="text-slate-400 text-sm">技术壁垒最高，利润最丰厚环节，当前供应链瓶颈所在。</p>
|
||
<ul class="mt-4 space-y-1 text-sm">
|
||
<li><span class="font-bold text-blue-300">光芯片:</span> 源杰科技 (CW), 仕佳光子</li>
|
||
<li><span class="font-bold text-blue-300">无源器件:</span> 天孚通信 (光引擎), 太辰光 (MPO)</li>
|
||
<li><span class="font-bold text-blue-300">特殊晶体:</span> 福晶科技 (OCS)</li>
|
||
</ul>
|
||
</div>
|
||
<div class="glass-card rounded-3xl p-6">
|
||
<h3 class="text-xl font-semibold text-purple-300 mb-3">中游：光模块/光引擎封装</h3>
|
||
<p class="text-slate-400 text-sm">业绩兑现最直接环节，考验规模、良率和客户关系。</p>
|
||
<ul class="mt-4 space-y-1 text-sm">
|
||
<li><span class="font-bold text-blue-300">第一梯队:</span> 中际旭创, 新易盛</li>
|
||
<li><span class="font-bold text-blue-300">第二梯队:</span> 光迅科技, 华工科技</li>
|
||
<li><span class="font-bold text-blue-300">垂直整合:</span> 光迅科技 (芯片-模块一体化)</li>
|
||
</ul>
|
||
</div>
|
||
<div class="glass-card rounded-3xl p-6">
|
||
<h3 class="text-xl font-semibold text-purple-300 mb-3">下游：设备商与终端应用</h3>
|
||
<p class="text-slate-400 text-sm">需求的最终来源，其资本开支是行业景气度的“金丝雀”。</p>
|
||
<ul class="mt-4 space-y-1 text-sm">
|
||
<li><span class="font-bold text-blue-300">海外云:</span> NVIDIA, Google, Meta, Amazon</li>
|
||
<li><span class="font-bold text-blue-300">国内云:</span> BAT, 字节跳动</li>
|
||
<li><span class="font-bold text-blue-300">设备商:</span> 烽火通信, 中兴通讯</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- Associated Stocks Section -->
|
||
<section class="mt-12">
|
||
<h2 class="section-title glow-text">关联股票数据</h2>
|
||
|
||
<!-- Table 1 -->
|
||
<div class="mb-10">
|
||
<h3 class="text-xl font-semibold text-blue-300 mb-4">光通信产业链全景图</h3>
|
||
<div class="overflow-x-auto glass-card rounded-3xl p-2">
|
||
<table class="table table-zebra table-sm">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>股票代码</th>
|
||
<th>核心逻辑</th>
|
||
<th>其他标签</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr><td>源杰科技</td><td><a href="https://valuefrontier.cn/company?scode=688498" target="_blank" class="link link-hover text-purple-300">688498</a></td><td>光芯片</td><td></td></tr>
|
||
<tr><td>仕佳光子</td><td><a href="https://valuefrontier.cn/company?scode=688313" target="_blank" class="link link-hover text-purple-300">688313</a></td><td>光芯片</td><td></td></tr>
|
||
<tr><td>长光华芯</td><td><a href="https://valuefrontier.cn/company?scode=688048" target="_blank" class="link link-hover text-purple-300">688048</a></td><td>光芯片</td><td></td></tr>
|
||
<tr><td>天孚通信</td><td><a href="https://valuefrontier.cn/company?scode=300394" target="_blank" class="link link-hover text-purple-300">300394</a></td><td>光器件</td><td></td></tr>
|
||
<tr><td>光迅科技</td><td><a href="https://valuefrontier.cn/company?scode=002281" target="_blank" class="link link-hover text-purple-300">002281</a></td><td>光器件 / 光模块厂商</td><td></td></tr>
|
||
<tr><td>光库科技</td><td><a href="https://valuefrontier.cn/company?scode=300620" target="_blank" class="link link-hover text-purple-300">300620</a></td><td>光器件</td><td>新技术 (铌酸锂)</td></tr>
|
||
<tr><td>太辰光</td><td><a href="https://valuefrontier.cn/company?scode=300570" target="_blank" class="link link-hover text-purple-300">300570</a></td><td>光器件</td><td></td></tr>
|
||
<tr><td>中际旭创</td><td><a href="https://valuefrontier.cn/company?scode=300308" target="_blank" class="link link-hover text-purple-300">300308</a></td><td>光模块厂商 / 光器件</td><td>新技术 (LPO, 1.6T)</td></tr>
|
||
<tr><td>新易盛</td><td><a href="https://valuefrontier.cn/company?scode=300502" target="_blank" class="link link-hover text-purple-300">300502</a></td><td>光模块厂商</td><td>新技术 (LPO, 1.6T)</td></tr>
|
||
<tr><td>剑桥科技</td><td><a href="https://valuefrontier.cn/company?scode=603083" target="_blank" class="link link-hover text-purple-300">603083</a></td><td>光模块厂商</td><td>新技术 (LPO, 1.6T)</td></tr>
|
||
<tr><td>华工科技</td><td><a href="https://valuefrontier.cn/company?scode=000988" target="_blank" class="link link-hover text-purple-300">000988</a></td><td>光模块厂商</td><td>新技术 (LPO, 1.6T)</td></tr>
|
||
<tr><td>联特科技</td><td><a href="https://valuefrontier.cn/company?scode=301205" target="_blank" class="link link-hover text-purple-300">301205</a></td><td>光模块厂商</td><td>新技术 (1.6T)</td></tr>
|
||
<tr><td>亨通光电</td><td><a href="https://valuefrontier.cn/company?scode=600487" target="_blank" class="link link-hover text-purple-300">600487</a></td><td>光模块厂商</td><td>新技术 (LPO)</td></tr>
|
||
<tr><td>烽火通信</td><td><a href="https://valuefrontier.cn/company?scode=600498" target="_blank" class="link link-hover text-purple-300">600498</a></td><td>设备集成商</td><td></td></tr>
|
||
<tr><td>中兴通讯</td><td><a href="https://valuefrontier.cn/company?scode=000063" target="_blank" class="link link-hover text-purple-300">000063</a></td><td>设备集成商</td><td></td></tr>
|
||
<tr><td>罗博特科</td><td><a href="https://valuefrontier.cn/company?scode=300757" target="_blank" class="link link-hover text-purple-300">300757</a></td><td>设备集成商</td><td></td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Table 2 & 3 in a grid -->
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-10 mb-10">
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-blue-300 mb-4">英伟达CPO技术路线核心供应商</h3>
|
||
<div class="overflow-x-auto glass-card rounded-3xl p-2">
|
||
<table class="table table-zebra table-sm">
|
||
<thead><tr><th>股票名称</th><th>股票代码</th><th>核心逻辑</th></tr></thead>
|
||
<tbody>
|
||
<tr><td>天孚通信</td><td><a href="https://valuefrontier.cn/company?scode=300394" target="_blank" class="link link-hover text-purple-300">300394</a></td><td>FAU/ELS模块供应商</td></tr>
|
||
<tr><td>新易盛</td><td><a href="https://valuefrontier.cn/company?scode=300502" target="_blank" class="link link-hover text-purple-300">300502</a></td><td>光引擎封装</td></tr>
|
||
<tr><td>太辰光</td><td><a href="https://valuefrontier.cn/company?scode=300570" target="_blank" class="link link-hover text-purple-300">300570</a></td><td>Fiber Shuffle供应商</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-blue-300 mb-4">CPO/硅光核心器件标的</h3>
|
||
<div class="overflow-x-auto glass-card rounded-3xl p-2">
|
||
<table class="table table-zebra table-sm">
|
||
<thead><tr><th>股票名称</th><th>股票代码</th><th>核心逻辑</th></tr></thead>
|
||
<tbody>
|
||
<tr><td>源杰科技</td><td><a href="https://valuefrontier.cn/company?scode=688498" target="_blank" class="link link-hover text-purple-300">688498</a></td><td>CW光源</td></tr>
|
||
<tr><td>仕佳光子</td><td><a href="https://valuefrontier.cn/company?scode=688313" target="_blank" class="link link-hover text-purple-300">688313</a></td><td>CW光源/MPO/FAU</td></tr>
|
||
<tr><td>中际旭创</td><td><a href="https://valuefrontier.cn/company?scode=300308" target="_blank" class="link link-hover text-purple-300">300308</a></td><td>硅光芯片</td></tr>
|
||
<tr><td>光迅科技</td><td><a href="https://valuefrontier.cn/company?scode=002281" target="_blank" class="link link-hover text-purple-300">002281</a></td><td>硅光芯片</td></tr>
|
||
<tr><td>罗博特科</td><td><a href="https://valuefrontier.cn/company?scode=300757" target="_blank" class="link link-hover text-purple-300">300757</a></td><td>硅光设备</td></tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Rise Analysis -->
|
||
<div>
|
||
<h3 class="text-xl font-semibold text-blue-300 mb-4">涨幅异动分析补充</h3>
|
||
<div class="space-y-4">
|
||
<div class="collapse collapse-plus glass-card">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-lg font-medium text-purple-300">
|
||
东山精密(002384) - 收购索尔思光电切入光通信
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p class="text-sm text-slate-300"><strong>核心结论:</strong> 涨停主要因拟59.35亿元收购索尔思光电100%股权切入光通信市场，叠加5G和PCB概念板块整体走强。索尔思在800G光模块出货量全球第四，具备25G-106G EML高速光芯片设计制造能力，收购将显著增厚公司业绩。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus glass-card">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-lg font-medium text-purple-300">
|
||
福晶科技(002222) - OCS与EUV双主线驱动
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p class="text-sm text-slate-300"><strong>核心结论:</strong> “国产 EUV 光源晶体唯一量产商”+光通信 OCS 双主线引发资金抢筹。在光通信OCS领域，公司获实用新型专利《一种光纤声光器件》，具备器件级能力，打开400G/800G激光雷达增量空间。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus glass-card">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-lg font-medium text-purple-300">
|
||
长芯博创(300548) - CPO概念爆发与业绩预期
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p class="text-sm text-slate-300"><strong>核心结论:</strong> CPO概念全线爆发，公司作为前排个股直接受益。市场预期公司在英伟达CPO供应链中占据重要位置，将受益于英伟达CPO技术的全面采用。同时市场对公司中报业绩有较高预期。</p>
|
||
</div>
|
||
</div>
|
||
<div class="collapse collapse-plus glass-card">
|
||
<input type="radio" name="rise-accordion" />
|
||
<div class="collapse-title text-lg font-medium text-purple-300">
|
||
盛路通信(002446) - 卫星互联网与光通信景气度提升
|
||
</div>
|
||
<div class="collapse-content">
|
||
<p class="text-sm text-slate-300"><strong>核心结论:</strong> 光通信行业景气度提升，产业逻辑发生根本变化，市场认为行业空间和估值体系需要重构。同时，公司被市场视为“最正宗的卫星互联网”公司，受益于卫星互联网概念热度上升。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
</section>
|
||
</main>
|
||
</div>
|
||
|
||
<script>
|
||
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|
||
var chartDom = document.getElementById('demandChart');
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||
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|
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|
||
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|
||
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|
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|
||
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|
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|
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|
||
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|
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|
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});
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</script>
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</body>
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